This Company is Breaking the Mold HIMS is an alternative […]
2 Major Red Flags for HIMS
Hims and Hers (HIMS), the eCommerce health and wellness up-and-comer, has been a big winner for LikeFolio members.
We've issued 2 bullish alerts over the last year -- in March '23 and in November '23 -- these positions are up +34% and +61% respectively.
But we have recorded 2 major red flags.
First: Hims web traffic is slowing considerably, down -4% YoY on a 30day Moving Average.
This could mean a stall in new user growth and existing user engagement.
Second: the company is getting political.
Just ask Starbucks or Budweiser. Political stances increasingly polarize and alienate consumers.
HIMS shares are trading ~5% lower today following the tweet quoted above from Andrew Dudum, the company's CEO.
We're officially...
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